TRENDING ON ONEINDIA
-
Four Accused Including Aseemanand Acquitted In Samjauta Express Blast Case -
IPL 2019: Five Foreign Players Who Could Rock The Tournament -
Vodafone Offers 50% Discount On Amazon Prime Subscription -
Bajaj Qute Launched In India At Rs 2.63 Lakh — A Quadricycle Threat To Small Cars? -
Why Investors Are Dumping Auto Stocks And Buying Banking Stocks? -
Zee Cine Awards 2019 Winners List -
How Lord Krishna Killed Kamsa: The Story Of Kamsa Vadh -
Calangute, The Ideal Getaway For Beach Bums Does Exist!
India GDP Growth Could Accelerate To 7.5% In 2015-16: World Bank
GDP growth in India is expected to accelerate to 7.5 percent in Fiscal Year 2015/16, the World Bank has said in a release.
The country is attempting to shift from consumption- to investment-led growth, at a time when China is undergoing the opposite transition," the World Bank has noted.
According to it driven by a strong expansion in India, coupled with favorable oil prices, economic growth in South Asia is expected to accelerate.
"The region is among the greatest global beneficiaries from cheap oil, as all countries in it are net oil importers. In the last quarter of 2014 South Asia was already the fastest-growing region in the world, a World Bank report said.
"Capital inflows to India have increased from 1.9 to 3.4 percent of GDP, although more volatile portfolio investments account now for a greater share of the total. "
It further noted that the decline in oil prices has been reflected in the domestic prices of oil products to different extents across the region.
The pass-through exceeded 50 percent for most oil products in Pakistan, but was nil in Bangladesh.
GoodReturns.in
